Most producers in the Midwest are purchasing 75-85% revenue protection. The Projected Spring price was discovered in February. The projected corn price is $4.70/bu. with a volatility factor of .18. Up $0.04/bu. or less than 1% from last year’s price of $4.66/bu. The projected soybean price is $10.54/bu. with a volatility factor of .14. Down $1.01/bu. or 9% from last year’s price of $11.55/bu. Projected prices and volatility levels are used to determine crop insurance premiums.
